Nonprofit · EIN 23-7050589
PANACEA AREA WATER SYSTEM INC
Tax-exempt · PANACEA, FL 32346
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $570,817 | $685,922 | -$115,105 | $3,153,896 | $1,595,180 | $1,558,716 |
| June 30, 2024 | 990 | $550,225 | $664,507 | -$114,282 | $3,297,933 | $1,624,112 | $1,673,821 |
| June 30, 2023 | 990 | $543,470 | $644,093 | -$100,623 | $3,321,690 | $1,533,587 | $1,788,103 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,600
- of which government grants
- $2,600
- Program service revenue
- $553,936
- Investment income
- $14,281
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $23,500
- Other salaries and wages
- $204,353
- Salaries, compensation and benefits (total)
- $280,066
- Professional fundraising fees
- $0
- Legal fees
- $8,155
- Accounting fees
- $9,000
- Travel
- $5,180
- Depreciation
- $114,070
Balance sheet and other
- Total assets, start of year
- $3,325,333
- Total assets, end of year
- $3,153,896
- Total liabilities, end of year
- $1,595,180
- Net assets, end of year
- $1,558,716
- Land, buildings and equipment
- $2,223,958
- Net assets without donor restrictions
- $1,558,716
- Gross receipts
- $570,817
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1964
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tim Jordan | President Officer | 10 | $4,700 |
| Dan Hinchee | Vice President Officer | 10 | $4,700 |
| Walter Dickson | Treasurer Officer | 10 | $4,700 |
| Noah Posey | Director Trustee or director | 10 | $4,700 |
| Joshua Brown | Director Trustee or director | 10 | $4,700 |
| Kinsey Hall Miller | Director Trustee or director | 10 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tim Jordan | President Officer | 10 | $3,600 |
| Dan Hinchee | Vice President Officer | 10 | $3,600 |
| Walter Dickson | Treasurer Officer | 10 | $3,600 |
| William Russell | Secretary Officer | 10 | $3,600 |
| Noah Posey | Director Trustee or director | 10 | $3,600 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tim Jordan | President Officer | 10 | $3,600 |
| Dan Hinchee | Vice President Officer | 10 | $3,600 |
| Walter Dickson | Treasurer Officer | 10 | $3,600 |
| William Russell | Secretary Officer | 10 | $3,600 |
| Noah Posey | Director Trustee or director | 10 | $3,000 |
Address and contacts
- Address (IRS master file)
- PO BOX 215, PANACEA, FL 32346-0215
- Principal officer (990 for 2024)
- Tim Jordan, PO Box 215, Panacea, FL 32346
- Signed the 990
- Tim Jordan, President
- Phone
- (850) 984-5301
- Return prepared by
- J RANDALL GRAHAM CPA
Mission
Operate local member owned rural water system located in Panacea,Florida.
Program accomplishments
- Operate a local water supply system in Wakulla County Florida serving approximately 1056 members
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7050589
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1970
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,153,896
- Income (IRS master file)
- $570,817
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $570,817 | $685,922 | $3,153,896 | XML |
| 990 | June 2024 | $550,225 | $664,507 | $3,297,933 | IRS |
| 990 | June 2023 | $543,470 | $644,093 | $3,321,690 | XML |
| 990 | June 2022 | $506,885 | $584,446 | $3,442,683 | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7050589).
Questions about PANACEA AREA WATER SYSTEM INC
- What is the EIN of PANACEA AREA WATER SYSTEM INC?
- The employer identification number (EIN) of PANACEA AREA WATER SYSTEM INC is 23-7050589.
- Is PANACEA AREA WATER SYSTEM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1970.
- Are donations to PANACEA AREA WATER SYSTEM INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PANACEA AREA WATER SYSTEM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PANACEA AREA WATER SYSTEM INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PANACEA AREA WATER SYSTEM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PANACEA AREA WATER SYSTEM INC?
- The 990 for the year ended June 30, 2025 names Tim Jordan.
- Who are the officers and directors of PANACEA AREA WATER SYSTEM INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 5 received compensation from the organization, the highest $4,700 (Tim Jordan, President).
- How much revenue does PANACEA AREA WATER SYSTEM INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $570,817, expenses of $685,922 and total assets of $3,153,896 at year end.
Other nonprofits in PANACEA
- GULF SPECIMEN MARINE LABORATORIES INC EIN 59-2021454 · last filed 990 for 2024
- WAKULLA COUNTY LODGE NO 2510 LOYAL ORDER OF MOOSE EIN 91-1940108 · last filed 990 for 2026
- ALLIGATOR POINT VOLUNTEER FIRE DEPARTMENT EIN 59-1789963 · last filed 990 for 2025
- PANACEA WATERFRONTS FLORIDA PARTNERSHIP INC EIN 14-1922902 · last filed 990 for 2025
- MCMILLAN FAM FOUNDATION TR EIN 59-7240253 · last filed 990-PF for 2025
- FLORIDA FORESIGHT INC EIN 80-0002371 · last filed 990-N for 2024
- PANACEA VOLUNTEER FIRE DEPARTMENT INC EIN 59-3073690 · last filed 990-N for 2024
- WAKULLA COUNTY CHAPTER 2224 WOMEN OF THE MOOSE EIN 91-2172405 · last filed 990-N for 2025